Does Collateral Reduce Overdues? A Regression Discontinuity Approach by Stefan Klonner and Ashok S. Rai :: NEUDC 2007 Papers :: Northeast Universities Development Consortium Conference :: Center for International Development at Harvard University (CID)

  • Stefan Klonner
  • Published 2007

Abstract

There is long-standing theoretical debate on the role of collateral in …nancial markets. There is no satisfactory evidence of the causal relationship (if any) between the amount of collateral required and the subsequent probability of overdues. We analyze an exogenous change in the number of cosigners required as collateral on small loans in South India… (More)

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